#USA #Denver #private credit #Bow River Capital #Park Cities

Bow River Capital Expands Private Credit Solutions

In a strategic move to enhance its offerings in the private credit space, Bow River Capital, an alternative asset manager based in Denver, has officially announced the acquisition of the asset-based financing division of Park Cities Asset Management, a Dallas-headquartered firm dedicated to providing innovative capital solutions primarily for the lower middle market.

Overview of the Acquisition

This acquisition marks a significant milestone for Bow River Capital as it aims to build a comprehensive suite of financial solutions that cater to the investment needs of lower middle market companies. With this inclusion, Bow River aims to fortify its already robust infrastructure by integrating the talents and strategies of Park Cities, which include a specialized team of 12 experienced professionals skilled in originating diverse non-traded loans targeting appealing yields in asset-based financing.

Park Cities Asset Management: A Brief Insight

Founded in 2018 by J. Andrew Thomas and Alex Dunev, Park Cities has sought to provide secured financing solutions tailored for various sectors. The firm has successfully deployed over $2 billion across more than 50 different portfolio companies, showcasing a strong track record and ability to generate fruitful relationships with investors. Notably, it has also distributed upwards of $150 million among its investor base, illustrating its commitment to delivering high-performance asset management services.

Amplifying Growth and Accessibility

Blair Richardson, the Founder and CEO of Bow River Capital, expressed enthusiasm regarding the acquisition, noting, "We were attracted to Park Cities due to their sector expertise, proven track record, and a culture rooted in shared values. This acquisition allows us to round out our private credit offering and aligns with our vision of nurturing a multi-asset alternative investment management firm focused on the Rodeo Region."

The Rodeo Region, which encompasses 14 states in the Rocky Mountain West and Southwest, has been a focal area for Bow River Capital, reinforcing its dedication to fostering long-term partnerships while addressing the unique demands of lower middle market investors.

Future Prospects and Integration

Andy Thomas, Managing Partner of Park Cities, further echoed this sentiment by expressing excitement about joining Bow River's platform, emphasizing how this merger is expected to enhance their lending strategies and deepen services for investors and lending partners alike.

“Joining forces with Bow River will allow us to accelerate the growth of our lending strategy,” he stated. Both he and Dunev, another Managing Partner, have expressed gratitude towards the supportive investors and partners that have accompanied them on their journey. This partnership is seen as a significant step towards scaling their impact in the market while adhering to core values.

Bow River Capital: A Leader in Alternative Assets

Bow River Capital is recognized for its extensive investment portfolio across five asset classes, which include defense technology, private credit, private equity, real estate, and software growth equity. Beyond direct investments, the firm, through its subsidiary, Bow River Advisers, LLC, provides alternatives such as the Bow River Capital Evergreen Fund aimed at enhancing institutional-quality access to private markets for a broader range of investors.

With this acquisition, Bow River Capital reinforces its commitment to not only expand its market share within the private credit domain but also bolster its reputation as a trusted partner in alternative asset management, nurturing deeper relationships with clients across various sectors.

Conclusion

As Bow River Capital integrates Park Cities Asset Management's resources into its operations, the firm is poised to deliver enhanced services to its investors while fostering growth within the lower middle market. This acquisition embodies Bow River's strategic focus on building a robust framework for private credit solutions that meet the evolving needs of the investment landscape.